Increased limits, additional extensions and embedded engineering cover are just some of the new improvements insurer Travelers has unveiled to Automotive, its motor trade insurance product.
Its motor trade insurance policies in the UK, will also now provide legal expenses cover, underwritten by DAS Legal Expenses, plus protection against loss of MOT licence.
Amongst the wide range of enhancements there is also extensive improvement to the business interruption cover; new-for-old replacement of damaged vehicles under nine months’ old; and free seasonal increase.
John Hemmings, Travelers’ Senior Industries Manager and Head of Automotive, said:
“Travelers’ Automotive product, backed up with experienced underwriters and claims handlers, has found great favour with brokers and we feel it’s important to continue to reflect the changing needs of the market. Our brokers have told us what they want; we’ve listened and responded.”
“This product refresh meets our customer’s changing needs and is reflective of our desire to expand our pool of brokers who share our specialist approach to the motor trade sector,” Hemmings continued.
Intended for businesses with annual premiums of £10,000 or more, Travelers’ Automotive provides specialist property, liability and road risks cover for motor trade businesses principally involved in sales, service, repair, conversion and recovery. It also has the capacity to provide insurance to many other businesses requiring a trader’s policy.
The policy changes take effect from 1 October 2009.
Travelers also provides protection for smaller motor businesses under the AutoXpress trademark which is distributed via a select panel of brokers.
